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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and B&G Foods, Inc. (BGS). Click either name above to swap in a different company.
B&G Foods, Inc. is the larger business by last-quarter revenue ($439.3M vs $335.5M, roughly 1.3× Artisan Partners Asset Management Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs -4.4%, a 39.6% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs -4.7%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $-70.7M). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs -12.8%).
Artisan Partners is an American asset management company headquartered in Milwaukee, Wisconsin. Outside the United States, the company has offices in Dublin, Hong Kong, London, Singapore and Sydney.
B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
APAM vs BGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.5M | $439.3M |
| Net Profit | $118.1M | $-19.1M |
| Gross Margin | — | 22.5% |
| Operating Margin | 39.2% | 2.5% |
| Net Margin | 35.2% | -4.4% |
| Revenue YoY | 12.9% | -4.7% |
| Net Profit YoY | 34.9% | -356.5% |
| EPS (diluted) | $1.36 | $-0.24 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $335.5M | — | ||
| Q3 25 | $301.3M | $439.3M | ||
| Q2 25 | $282.7M | $424.4M | ||
| Q1 25 | $277.1M | $425.4M | ||
| Q4 24 | $297.1M | $551.6M | ||
| Q3 24 | $279.6M | $461.1M | ||
| Q2 24 | $270.8M | $444.6M | ||
| Q1 24 | $264.4M | $475.2M |
| Q4 25 | $118.1M | — | ||
| Q3 25 | $66.8M | $-19.1M | ||
| Q2 25 | $67.6M | $-9.8M | ||
| Q1 25 | $61.1M | $835.0K | ||
| Q4 24 | $87.5M | $-222.4M | ||
| Q3 24 | $73.0M | $7.5M | ||
| Q2 24 | $57.6M | $3.9M | ||
| Q1 24 | $59.5M | $-40.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | — | 22.2% | ||
| Q2 24 | — | 20.7% | ||
| Q1 24 | — | 22.9% |
| Q4 25 | 39.2% | — | ||
| Q3 25 | 33.8% | 2.5% | ||
| Q2 25 | 28.2% | 5.2% | ||
| Q1 25 | 31.2% | 8.4% | ||
| Q4 24 | 36.7% | -46.6% | ||
| Q3 24 | 33.3% | 11.1% | ||
| Q2 24 | 32.0% | 9.9% | ||
| Q1 24 | 29.4% | -3.3% |
| Q4 25 | 35.2% | — | ||
| Q3 25 | 22.2% | -4.4% | ||
| Q2 25 | 23.9% | -2.3% | ||
| Q1 25 | 22.1% | 0.2% | ||
| Q4 24 | 29.5% | -40.3% | ||
| Q3 24 | 26.1% | 1.6% | ||
| Q2 24 | 21.3% | 0.9% | ||
| Q1 24 | 22.5% | -8.5% |
| Q4 25 | $1.36 | — | ||
| Q3 25 | $0.93 | $-0.24 | ||
| Q2 25 | $0.94 | $-0.12 | ||
| Q1 25 | $0.82 | $0.01 | ||
| Q4 24 | $0.99 | $-2.81 | ||
| Q3 24 | $1.03 | $0.09 | ||
| Q2 24 | $0.80 | $0.05 | ||
| Q1 24 | $0.84 | $-0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $60.9M |
| Total DebtLower is stronger | $190.0M | $2.0B |
| Stockholders' EquityBook value | $438.8M | $470.7M |
| Total Assets | $1.6B | $2.9B |
| Debt / EquityLower = less leverage | 0.43× | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $60.9M | ||
| Q2 25 | — | $54.1M | ||
| Q1 25 | — | $61.2M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $54.7M | ||
| Q2 24 | — | $40.3M | ||
| Q1 24 | — | $42.5M |
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | $2.0B | ||
| Q2 25 | $200.0M | $2.0B | ||
| Q1 25 | $200.0M | $2.0B | ||
| Q4 24 | $200.0M | $2.0B | ||
| Q3 24 | $200.0M | $2.1B | ||
| Q2 24 | $200.0M | $2.0B | ||
| Q1 24 | $200.0M | $2.0B |
| Q4 25 | $438.8M | — | ||
| Q3 25 | $402.1M | $470.7M | ||
| Q2 25 | $381.8M | $501.4M | ||
| Q1 25 | $356.5M | $513.1M | ||
| Q4 24 | $388.9M | $524.8M | ||
| Q3 24 | $372.1M | $755.3M | ||
| Q2 24 | $341.2M | $765.0M | ||
| Q1 24 | $320.3M | $781.2M |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $2.9B | ||
| Q2 25 | $1.4B | $2.9B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $1.6B | $3.4B | ||
| Q2 24 | $1.5B | $3.4B | ||
| Q1 24 | $1.5B | $3.4B |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | 4.30× | ||
| Q2 25 | 0.52× | 3.97× | ||
| Q1 25 | 0.56× | 3.91× | ||
| Q4 24 | 0.51× | 3.85× | ||
| Q3 24 | 0.54× | 2.75× | ||
| Q2 24 | 0.59× | 2.67× | ||
| Q1 24 | 0.62× | 2.61× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $172.0M | $-64.6M |
| Free Cash FlowOCF − Capex | $171.6M | $-70.7M |
| FCF MarginFCF / Revenue | 51.2% | -16.1% |
| Capex IntensityCapex / Revenue | 0.1% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $420.6M | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $172.0M | — | ||
| Q3 25 | $40.4M | $-64.6M | ||
| Q2 25 | $50.9M | $17.8M | ||
| Q1 25 | $157.9M | $52.7M | ||
| Q4 24 | $372.8M | $80.3M | ||
| Q3 24 | $112.8M | $4.2M | ||
| Q2 24 | $75.9M | $11.3M | ||
| Q1 24 | $147.0M | $35.1M |
| Q4 25 | $171.6M | — | ||
| Q3 25 | $40.4M | $-70.7M | ||
| Q2 25 | $50.9M | $11.5M | ||
| Q1 25 | $157.7M | $42.4M | ||
| Q4 24 | $371.3M | $71.7M | ||
| Q3 24 | $112.4M | $-679.0K | ||
| Q2 24 | $75.2M | $5.2M | ||
| Q1 24 | $146.9M | $27.5M |
| Q4 25 | 51.2% | — | ||
| Q3 25 | 13.4% | -16.1% | ||
| Q2 25 | 18.0% | 2.7% | ||
| Q1 25 | 56.9% | 10.0% | ||
| Q4 24 | 125.0% | 13.0% | ||
| Q3 24 | 40.2% | -0.1% | ||
| Q2 24 | 27.8% | 1.2% | ||
| Q1 24 | 55.6% | 5.8% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | 1.4% | ||
| Q2 25 | 0.0% | 1.5% | ||
| Q1 25 | 0.1% | 2.4% | ||
| Q4 24 | 0.5% | 1.6% | ||
| Q3 24 | 0.1% | 1.0% | ||
| Q2 24 | 0.2% | 1.4% | ||
| Q1 24 | 0.0% | 1.6% |
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | — | ||
| Q1 25 | 2.58× | 63.17× | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | 0.56× | ||
| Q2 24 | 1.32× | 2.87× | ||
| Q1 24 | 2.47× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APAM
Segment breakdown not available.
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
